Refex Industries Limited completed acquisition of equity shares in subsidiary Venwind Refex Power Limited through rights issue worth ₹2,99,99,376 on April 25, 2026. The company acquired 1,712 shares at ₹10 face value with ₹17,513 premium per share. Following the rights issue and OCD conversions by other shareholders, Refex Industries' stake in VRPL decreased from 77.77% to 73.28%. The subsidiary operates in wind power sector and was incorporated on December 20, 2024.
Refex Industries Completes Rights Issue in Subsidiary Venwind Refex Power Limited Worth ₹2.99 Crore
